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COMMERCIAL ACCOUNT APPLICATION Date: Business / Entity Name: Type / Nature of Business: Street Address: City, State, Zip: *Please Note: PO Box holder must furnish physical address as well as mailing
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Who needs form 617?
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Form 617 is typically needed by individuals or organizations that are required to report specific information to a governing body or regulatory agency.
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This may include businesses, government agencies, or other entities that need to provide documentation or data as part of a regulatory requirement.
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What is form 617?
Form 617 is a tax form used for reporting information related to foreign bank accounts.
Who is required to file form 617?
US taxpayers, including individuals, corporations, partnerships, and trusts, with foreign bank accounts exceeding certain thresholds are required to file form 617.
How to fill out form 617?
Form 617 can be filled out electronically or manually, with the required information including details of the foreign bank accounts and income earned.
What is the purpose of form 617?
The purpose of form 617 is to report foreign bank account information to the IRS in order to help prevent tax evasion.
What information must be reported on form 617?
Information such as the name and address of the foreign bank, account number, maximum value of the account during the year, and any income earned from the account must be reported on form 617.
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